{"id":1349,"date":"2019-08-30T12:01:40","date_gmt":"2019-08-30T04:01:40","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/timcole.com.sg\/?page_id=1349"},"modified":"2026-01-30T10:25:54","modified_gmt":"2026-01-30T02:25:54","slug":"appointing-a-nominee-shareholder","status":"publish","type":"page","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/timcole.com.sg\/appointing-a-nominee-shareholder\/","title":{"rendered":"Appointing a Nominee Shareholder"},"content":{"rendered":"

[vc_row][vc_column][vc_single_image image=”1116″ img_size=”full” alignment=”center”][vc_custom_heading text=”Appointing a Nominee Shareholder” font_container=”tag:h1|font_size:36|text_align:left|line_height:1.3″ use_theme_fonts=”yes”]

<\/div>[vc_column_text]A nominee shareholder, in Singapore law, can be either an individual or corporate, authorised by the share owner to step in. Individuals with shares are not limited to Singapore citizens, but as well as those with Permanent Resident, Employment Pass holders<\/a> or Dependent Pass holders<\/a>.<\/p>\n

Nominating a company shareholder is legal under Singapore law, as long as you have legitimate reasons for the arrangement.[\/vc_column_text]

<\/div>[\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”What is the benefits of Authorizing a Nominee Shareholder?” font_container=”tag:h2|font_size:24|text_align:left|line_height:1.3″ google_fonts=”font_family:Lato%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C700%2C700italic%2C900%2C900italic|font_style:700%20bold%20regular%3A700%3Anormal”]
<\/div>[vc_column_text]In Singapore, the public can identify directors and shareholders of any company by a simple search. For a small fee, anyone can have access to the personal details of the directors and shareholders searched.<\/p>\n

By nominating a shareholder, only the name of the registered nominee shareholder will appear on the records of Singapore Accounting and Corporate Regulatory Authority (ACRA)<\/a>. Thus, the share owner gets to enjoy complete anonymity from the public, while at the same time, still holds complete ownership of the shares \u2018held\u2019 by the nominee shareholder.<\/p>\n

This holds great advantage if the objective is to conceal from competitors or simply to keep one\u2019s personal details confidential.[\/vc_column_text]

<\/div>[\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”What is the risks you may face using nominee shareholders” font_container=”tag:h2|font_size:24|text_align:left|line_height:1.3″ google_fonts=”font_family:Lato%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C700%2C700italic%2C900%2C900italic|font_style:700%20bold%20regular%3A700%3Anormal”]
<\/div>[vc_column_text]It is important to appoint a shareholder in a professional way, rather than a simple \u201cverbal agreement\u201d.<\/p>\n

Otherwise, there may be possibility that:<\/p>\n